Trips For Kids Charlotte
- Assets
- $1.3m
- Revenue
- $480.2k
- Investments
- $0.0
- Employees
- 14
- Location
- Charlotte, NC
- Founding
- 10/2000
- Data as of
- 12/2023
- EIN
- 56-2212160
Organization Overview
Trips For Kids Charlotte is located in Charlotte, NC. The organization was established in 2000. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Trips For Kids Charlotte employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trips For Kids Charlotte is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Trips For Kids Charlotte generated $480.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $372.9k during the year ending 12/2023. While expenses have increased by 17.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRANSFORMATIVE CYCLING EXPERIENCES TO UNDERSERVED YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RE-CYCLERY & REPAIR SHOP: 3500 BIKES WERE DONATED IN TOTAL, 860 WERE REPAIRED FOR EARN A BIKE PROGRAM AND TO SELL TO THE COMMUNITY; DIRECTLY RECYCLED AND HARVESTED PARTS FROM 1,602 DONATED BIKES; OPERATED REPAIR SHOP OPEN TO THE COMMUNITY TO PROMOTE CYCLING, TO COMMUNICATE THE MISSION OF THE ORGANIZATION, AND TO RECRUIT VOLUNTEERS.
EARN A BIKE PROGRAM AND OTHER PROGRAMS: 17 CLASSES; 87 KIDS GRADUATED AND EARNED A BIKE WITH A LOCK AND HELMET.
RIDE PROGRAM: 328 RIDES WITH 481 KIDS PARTICIPATING. NORMAL PROGRAMMING CONTINUED IN 2023 IN A POST-PANDEMIC ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corwin Thomas Director | Trustee | 0.2 | $0 |
Matthew Packey Treasurer | OfficerTrustee | 0.2 | $0 |
Richard Winters President | OfficerTrustee | 0.2 | $0 |
Peter Campbell Director | Trustee | 0.2 | $0 |
Bethanie Johnson Director | Trustee | 0.2 | $0 |
Alex Riemondy Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $355,856 |
| Noncash contributions included in lines 1a–1f | $182,407 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,856 |
| Total Program Service Revenue | $12,939 |
| Investment income | $3,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $107,402 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $480,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,737 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,126 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222 |
| Advertising and promotion | $2,575 |
| Office expenses | $14,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,847 |
| Travel | $2,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,980 |
| Insurance | $18,192 |
| All other expenses | $0 |
| Total functional expenses | $372,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,555 |
| Savings and temporary cash investments | $106,376 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $131,535 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $900,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,786 |
| Total assets | $1,261,180 |
| Accounts payable and accrued expenses | $8,912 |
| Grants payable | $0 |
| Deferred revenue | $18,932 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $659,971 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,424 |
| Total liabilities | $715,239 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $545,941 |
| Total liabilities and net assets/fund balances | $1,261,180 |